CIT Group receives $4.5 billion from creditors!
NEW YORK - October 28, 2009 - CIT Group says it has received $4.5 billion in credit from lenders and bondholders as it tries to avoid collapse.
Road to Depression
Number of foreclosures double in Washington area!
WASHINGTON - October 28, 2009 - The number of Washington, D.C. area homeowners in foreclosure has more that doubled in the past year, according to a report to be released Wednesday that shows the problem remains most acute in a few counties and could get worse as more borrowers fall behind on their payments.
New home sales fall faster than expected!
WASHINGTON - October 28, 2009 - The number of buyers snapping up new homes dipped unexpectedly last month as the effects of a temporary tax credit for first-time owners started to wear off.
Current economy at 26-year low!
NEW YORK - October 27, 2009 - A key measure of consumer confidence continued to slip in October, with consumers' gauge of the current economic situation falling to a 26-year low, a research group said Tuesday.
U.S. Steel posts third straight quarterly loss!
PITTSBURGH, Pennsylvania - October 27, 2009 - United States Steel Corp. said Tuesday it lost money for a third straight quarter as the global economic downturn continued to dampen demand for the metal.
Big commercial lender Capmark files for bankruptcy!
NEW YORK - October 25, 2009 - The Capmark Financial Group, the big commercial real estate finance company cobbled together from pieces of GMAC, filed for bankruptcy on Sunday after struggling with a heavy burden of failing loans and debt stemming from its leveraged buyout three years ago.
AMBROSE EVANS-PRITCHARD: Food will never again be so cheap!
Biofuel refineries in the U.S. have set fresh records for grain use every month since May. Almost a third of the U.S. corn harvest will be diverted into ethanol for motors this year, or 12% of the global crop.
By Ambrose Evans-Pritchard
LONDON, England - October 25, 2009 - The world's grain stocks have dropped from four to 2.6 months cover since 2000, despite two bumper harvests in North America. China's inventories are at a 30-year low. Asian rice stocks are near danger level.
By Ambrose Evans-Pritchard
LONDON, England - October 25, 2009 - The world's grain stocks have dropped from four to 2.6 months cover since 2000, despite two bumper harvests in North America. China's inventories are at a 30-year low. Asian rice stocks are near danger level.
More Articles ...
- Bank failures hit 106 for year!
- Higher jobless rates could be the new norm!
- Revised formula puts 1 in 6 Amerikans in poverty!
- School's out for Depression!
- More State government layoffs expected soon!
- City managers to take off five weeks!
- Financial Armageddon proves parable for local governments!
- Foreclosures force former owners to turn to shelters!
- U.S. bank failures top 100!
- Latin America bloc to stop using dollars in trade!
- Foreclosures level over past three months worst of all time!
- Fed warns of commercial real estate collapse!
- CIT bankruptcy looms as debt swap struggles!
- Continuing Depression now being blamed on low demand!
- Commercial real estate to drive bank failures!
- Dollar reaches breaking point as banks shift reserves!
- Steep losses pose crisis for pensions!
- Number of small bank failures increases!
- U.S. states suffer unbelievable revenue shortages!
- Tens of thousands demand financial help!
- Foreclosures mark pace of ongoing housing crisis!
- Gold hits new record high for third consecutive day!
- Inventories at U.S. wholesalers fall for 12th straight month!
- The demise of the dollar!
- Apartment glut expands!
- More businesses expected to fail!
- AMBROSE EVANS-PRITCHARD: Banks brace for Latvia's collapse!
- Bank failure tally approaches century mark!
- New jobless claims rise more than expected!
- State prepares for shutdown as budget deadline looms!
- Consumer confidence unexpectedly falls!
- U.S. income gap widens as poor take hit in Depression!
- Japan deflation deepens!
- AMBROSE EVANS-PRITCHARD: Merkel warns on spending cuts, fearing Depression era!
- U.S. may collapse if China and Japan don't buy debt!
- Job losses and early retirements hit Social Security!
- AMBROSE EVANS-PRITCHARD: Money figures show there's trouble ahead!
- Simmons plans to file for bankruptcy protection!
- Luxury hotels risk loan defaults!
- Citigroup considers shrinking branch network!
- AMBROSE EVANS-PRITCHARD: Spain tips into Depression!
- Teens lack jobs despite federal stimulus money!
- Depression could stall growth for seven years!
- Commercial real estate is next bubble to burst!
- FDIC may look to U.S. banks for funds!
- Iran replaces U.S. dollar with euro in foreign exchange!
- 42 states lose jobs in August!
- Kalifornia and Nevada hit record unemployment levels!
- Incomes of young people in nosedive!
- Big companies that are veering toward bankruptcy!
Eulogies
Eulogy for an Angel
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Freedom
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My Father
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Dr. Stan Dale
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MICHAEL BADNARIK
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A. Solzhenitsyn
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Patrick McGoohan
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Joseph A. Stack
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Bill Walsh
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Walter Cronkite
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Eustace Mullins
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Paul Harvey
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Don Harkins
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Joan Veon
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David Nolan
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Derry Brownfield
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Leroy Schweitzer
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Vaclav Havel
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Andrew Breitbart
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Dick Clark
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Bob Chapman
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Ray Bradbury
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Tommy Cryer
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Andy Griffith
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Phyllis Diller
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Larry Dever
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Brian J. Chapman
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Annette Funnicello
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Margaret Thatcher
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Richie Havens
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Jack McLamb
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James Traficant
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Dr. Stan Monteith
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Leonard Nimoy
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Stan Solomon
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B. B. King
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Irwin Schiff
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DAVID BOWIE
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Muhammad Ali
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GENE WILDER
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phyllis schlafly
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John Glenn
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Charles Weisman
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Carrie Fisher
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Debbie Reynolds
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Roger Moore
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Adam West
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JERRY LEWIS
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HUGH HEFNER
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PROF. STEPHEN HAWKING
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ART BELL
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DWIGHT CLARK
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CARL MILLER
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HARLAN ELLISON
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STAN LEE
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CARL REINER
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SEAN CONNERY
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L. NEIL SMITH
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JOHN STADTMILLER
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